The US Vehicle Auction Market 2020 Competitive Insights and Business Outlook - KAR Auction Services Inc., Copart Inc., Manheim

The Vehicle Auction Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Executive Summary

Vehicle auctions are a way of selling vehicles via the systems of auctions. Vehicles offered for auctions are usually very cheap compared to the ones that are sold at conventional car dealerships and distributors.

The vehicle auction market can be split into two segments which are whole/ used cars auctions and salvage auctions. Whole car auction vehicles includes vehicles sold by vehicle manufacturers, used car dealers and their captive finance companies, commercial fleet operators, rental car companies and financial institutions to franchised and independent used vehicle dealers. On the other hand, salvage vehicle auction industry offers a venue for sellers, mainly automobile insurance companies, to dispose total loss, damaged or low value vehicles to dismantlers, scrap dealers, rebuilders or qualified public buyers.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the The US Vehicle Auction Market: KAR Auction Services Inc., Copart Inc., Manheim and others.

Latest news and developments:

June 5, 2019: KAR Auctions Services (NYSE: KAR, $58.92, Market Capitalization $7.9 billion), announced that its Board has approved the separation of its salvage auction business through a distribution of the outstanding shares of common stock of its wholly-owned subsidiary, IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA"), to KAR stockholders on a pro-rata basis. The Company also provided more details regarding the spin-off . Each KAR shareholder will receive one ordinary share of IAA for every one ordinary share of KAR. IAA will not issue fractional shares of its common stock in the distribution.

March 5, 2020: Copart, Inc. (NASDAQ:CPRT), a global online vehicle auction company announced the opening of a new location in Concord, North Carolina. This will be the sixth location in the state - a response to the increasing demands of automotive buyers and sellers. The Copart Concord location hosts weekly auctions on Thursdays at 10 a.m. Eastern Time (9 a.m. Central Time). Eligible buyers can join auctions and bid on inventory at Copart.com or via the Copart Mobile App for iOS and Android devices.

Market Overview:

The US vehicle auction market is forecasted to grow at a healthy rate during the forecast period (2019-2023). The market is supported by various growth drivers such as rise in average age of light vehicles in the country, hike in vehicle crashes, surging revenue per car auctioned pricing and strong demand for salvage auction vehicles of US from international buyers. Fluctuations in supply of used vehicles and the possibilities of the business of vehicle auction service providers getting negatively impacted in the case of unfavorable economic conditions are some of the challenges confronted by the market.

Acquisitions, integration of online auctions with technologies such as Artificial Intelligence (AI) and extensive use of data and analytic capabilities to streamline auction processes are some of the trends in the market that have been captured in this report.

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Vehicle Auction Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market The US status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020-2023.

Following are major Table of Content of Vehicle Auction Market:

- The US Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- The US Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- The US Market Effect Factors Analysis
- The US Market Forecast
- The US Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the The US Market are quantitatively as well qualitatively assessed to study the The US as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter's Five Forces Analysis and SWOT Analysis.

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